Indiana § 32-30-5-21 Court approval of final report; discharge of surety; settlement of
receivership

Indiana Statutes

§ 32-30-5-21 — Court approval of final report; discharge of surety; settlement of receivership

Indiana·Title 32 PROPERTY·Art. 30 CAUSES OF ACTION CONCERNING REAL·Ch. 5 Receiverships

Upon the:

(1)court's approval of the receiver's final account or report, as provided in section 14 of this chapter; and

(2)receiver's performance and compliance with the court's order made on the final report; the receiver and the surety on the receiver's bond shall be fully and finally discharged and the court shall declare the receivership estate finally settled and closed subject to the right of appeal of the receiver or any creditor, shareholder, or other interested party who has filed objections or exceptions as provided in section 18 of this chapter. [Pre-2002 Recodification Citation: 34-48-5-2.]

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Upon the:
(1) court's approval of the receiver's final account or report, as
provided in section 14 of this chapter; and
(2) receiver's performance and compliance with the court's order
made on the final report;
the receiver and the surety on the receiver's bond shall be fully and
finally discharged and the court shall declare the receivership estate
finally settled and closed subject to the right of appeal of the receiver
or any creditor, shareholder, or other interested party who has filed
objections or exceptions as provided in section 18 of this chapter.
[Pre-2002 Recodification Citation: 34-48-5-2.]

Indiana § 32-30-5-21 (Court approval of final report; discharge of surety; settlement of receivership) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.